Replies to post #10900 on Kallo Inc. (KALO)

[Signus]

Page 10 of 10K

ITEM 3. LEGAL PROCEEDINGS.

On April 21, 2017, an ex-employee of Kallo obtained a judgement ordering Kallo to pay Canadian $ 135,959 for unpaid wages and expenses relating to services performed in 2016. The full amount has been accrued for in the financial statements of Kallo.

On October 24, 2016, a consultant obtained a judgement ordering Kallo to pay Canadian $25,000 for unpaid fees. The full amount has been accrued for in the financial statements of Kallo.

On October 6, 2017, Thornley Fallis Communications Inc. ("Thornley") commenced a third party claim against Kallo concerning monies that Kallo allegedly owed to Thornley for redesign of a website and public relation services. Thornley is seeking damages in the amount of Canadian $169,345 plus interest on the amounts outstanding and indemnification of the costs of the action. An amount of Canadian $134,960 has been accrued for in the financial statements of Kallo.

While we believe that we may be successful in resolving these claims, we cannot assure that the outcome will not have a material adverse effect upon us.

[Dearbard]

All true....yet they continue to file reports, you continue to stay informed and there is the small hope of a contract. Again, no one is getting rich or raking in millions from this scam. The only way anybody makes any money on this is IF there is and actual contract and money changes hands. It’s in that knowledge there is a smidgen if hope. Again....you must hope for something too or you wouldn’t keep updated. Don’t blame you.

[rjbluesky]

Agree it's been a tough slow start. But will that no income ever stay the same is the question going forward?